Carlsberg, the Danish brewer, is said to be weighing up a move for Asahi’s stake in Chinese beermaker Tsingtao, according to a Bloomberg report quoting “people familiar with the matter”. Asahi, the leading Japanese beer producer, acquired its 20% stake in Tsingtao in 2009. Bloomberg estimates the value of the stake to be around S1.2 billion. Tsingtao, China’s second biggest domestic beer producer, faces stiff competition from major players such …
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Beer firm Tsingtao has announced that it will acquire its remaining stake in its Suntory joint venture, according to a report in the Want China Times. In a statement to the Hong Kong Stock Exchange, the company said that it woul buy a 50% stake in both the beer manufacturing and sales companies in its joint venture with the Japanese beverage conglomerate for 822.9 million CNY ($129.5 million) in the …
Gama spoke to Hai Liu, Vice General Manager, Tsingtao Brewery. What key trends do you expect to shape alcoholic drinks innovation in 2015? In my opinion, the alcoholic drinks industry is facing an era of ever more diversified consumers who are demanding new styles and flavours of drinks and no longer demonstrate loyalty to one brand or category. In the past few years, the rise of craft beers and the …
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